Insider Selling: Zuora, Inc. (NYSE:ZUO) CEO Sells 48,569 Shares of Stock

Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo sold 48,569 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $482,290.17. Following the completion of the transaction, the chief executive officer now owns 110,576 shares in the company, valued at $1,098,019.68. This trade represents a 30.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zuora Price Performance

Zuora stock traded up $0.02 during trading hours on Friday, hitting $9.94. The stock had a trading volume of 1,082,305 shares, compared to its average volume of 2,603,401. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -20.29 and a beta of 1.66. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.62 and a quick ratio of 2.77. Zuora, Inc. has a 1-year low of $7.70 and a 1-year high of $10.85. The stock’s fifty day moving average is $9.92 and its two-hundred day moving average is $9.31.

Hedge Funds Weigh In On Zuora

Hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zuora in the second quarter worth $44,000. Quarry LP raised its position in shares of Zuora by 504.9% in the third quarter. Quarry LP now owns 6,164 shares of the company’s stock valued at $53,000 after buying an additional 5,145 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Zuora during the third quarter valued at approximately $63,000. Castleview Partners LLC purchased a new stake in Zuora in the 3rd quarter worth approximately $79,000. Finally, Canada Pension Plan Investment Board acquired a new position in Zuora in the 2nd quarter valued at $85,000. 83.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Lake Street Capital restated a “hold” rating and set a $10.00 price target on shares of Zuora in a research note on Friday, October 18th. Needham & Company LLC restated a “hold” rating and set a $15.00 target price on shares of Zuora in a research report on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.43.

Zuora Company Profile

Zuora, Inc provides a monetization suite for modern businesses to help companies launch and scale new services and operate dynamic customer-centric business models. The company offers Zuora Billing that allows customers to deploy various pricing and packaging strategies to monetize their recurring revenue streams, bill customers, calculate prorations when subscriptions change, and automate billing and payment operations; Zuora Revenue, a revenue recognition and automation solution that accounting teams use to manage their complex revenue streams; Zuora Payments to provide payment orchestration services for companies looking to operate globally; and Zephr, a digital subscriber experience platform that helps companies orchestrate dynamic experiences that increase conversion, reduce churn, and nurture ongoing subscriber relationships.